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Live the Dream on the Beach!!
$1,163,000
Permanent management rights, Surfers Paradise QLD
Ideally located right on the beach at Surfers Paradise, Queensland, this dated complex provides spacious Mediterranean-style 2 and 3 bedroom family holiday accommodation. Choose between absolute beachfront apartments with private balconies overlooking the sand and sea, or Garden Apartments facing north, and overlooking the pool
Located on the beach halfway between Surfers Paradise and Broadbeach, approximately a 12 minute stroll in either direction will bring you to a world of shopping, dining and entertaining. Guest facilities include a full size tennis court, heated outdoor pool and spa, free gas BBQ's and a kiddies wading pool. Beachfront Accommodation designed with the perfect family holiday in mind.
Long Term agreements, secure salary, no set hours and no need to live onsite - Well worth an inspection!!!
The managers apartment features 3 bedrooms, 2 bathrooms with air conditioned and spacious open plan lounge and dining area leading off from a fully equipped kitchen. An on-title office and double secure car spaces.
To arrange an inspection call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,163,000
- Net Income: $ 96,100
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.3
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?